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SSC CHSL 2024 PYQ — Question 66

SSC CHSL - 04 July 2024 - Shift 1 • Quantitative Aptitude • Q66

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If 70% of the cost price of an article is equal to 40% of its selling price, what is the profit percentage?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. 75%.

Given that, 70% CP = 40% SP

According to the given question,

⇒ 7CP = 4SP

⇒ CP/SP = 4/7

Let the cost price and selling price of the article be 4x and 7x respectively.

Now, Profit = SP - CP

⇒ Profit = 7x - 4x

⇒ Profit = 3x

Now, profit percentage = 3x4x×100{3x \over 4x} \times 100

⇒ 3 × 25 = 75%

Hence the profit percentage is 75%.